Robert W. Baird analyst David Koning maintained a Sell rating on Infosys (NYSE:INFY) on Wednesday, setting a price target of $18, which is approximately 13.71% below the present share price of $20.86.
Koning expects Infosys to post earnings per share (EPS) of $0.17 for the third quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Hold rating of shares in Infosys, with an average price target of $20.75.
The analysts price targets range from a high of $22 to a low of $18.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $3.78 billion and a net profit of $896 million. The company's market cap is $88.57 billion.
According to TipRanks.com, Robert W. Baird analyst David Koning is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 17.5% and a 77.94% success rate.
Founded in 1981, Infosys Ltd. is a global leader in next-generation digital services and consulting, with it providing end-to-end business solutions in North America, Europe, and India. It provides application development and management, independent validation, product engineering and management, infrastructure management, enterprise application management, and support and integration services.